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Reliance New Energy Solar to acquire UK’s battery firm Faradion

TBB BUREAU MUMBAI, DECEMBER 31, 2021  Reliance New Energy Solar Ltd (“RNESL”), a wholly owned subsidiary of Reliance Industries Ltd., has signed definitive agreements to acquire 100% shareholding in Faradion Limited (“Faradion”) for an enterprise value of GBP 100 Mn. In addition, RNESL will also invest GBP 25 Mn as growth capital to accelerate commercial roll out. Based out of ...

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